AbstractEconomic theorists for years have considered the possibility that the direction of technical change is altered by changes in relative prices. Prices have also been identified as one of the determinants of technical change through innovation. This paper extends the theory of the firm to cover situations in which the firm's technology set is conditional on expected prices. The basic idea is to distinguish between "market prices," or the prices that guide the firm's choices subject to the technology that is in place, and "normal prices," the prices conditioning the choice of technology. A "generalized" price effect is obtained that includes the traditional price effect as well as the technical change effect of price changes and an example is presented.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 881.
Date of creation: 01 Jan 1994
Date of revision:
Publication status: Published in Journal of Agricultural and Resource Economics 1994, vol. 19 no. 1, pp. 161-172
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
Other versions of this item:
- Lilyan E. Fulginiti, 2005. "Price-Conditional Technology," Microeconomics 0503003, EconWPA.
- Lilyan E. Fulginiti, 1993. "Price-Conditional Technology," Center for Agricultural and Rural Development (CARD) Publications 93-wp116, Center for Agricultural and Rural Development (CARD) at Iowa State University.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lilyan E. Fulginiti & Richard K. Perrin, 1992.
"Prices and Productivity in Agriculture,"
Center for Agricultural and Rural Development (CARD) Publications
93-gatt2, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Fulginiti, Lilyan E. & Perrin, Richard K., 1992. "Prices and Productivity in Agriculture," Staff General Research Papers 543, Iowa State University, Department of Economics.
- Fulginiti, Lilyan E. & Perrin, Richard K., 1993. "Prices and Productivity in Agriculture," Staff General Research Papers 773, Iowa State University, Department of Economics.
- Lilyan E. Fulginiti & Richard K. Perrin, 1992. "Prices and Productivity in Agriculture," Food and Agricultural Policy Research Institute (FAPRI) Publications 93-gatt2, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Roberto Esposti & Pierpaolo Pierani, 2008.
"Price-induced technical progress in Italian agriculture,"
Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement,
INRA Department of Economics, vol. 89(4), pages 5-28.
- Roberto ESPOSTI & Pierpaolo PIERANI, 2006. "Price-Induced Technical Progress in Italian Agriculture," Working Papers 275, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- Paris, Quirino & Caputo, Michael R., 1995. "The Rhetoric Of Duality," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(01), July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephanie Bridges) The email address of this maintainer does not seem to be valid anymore. Please ask Stephanie Bridges to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.